Ark Restaurants Corp. Stock Forecast

Ark Restaurants Corp. stock price ended at $11.52 on Friday, after losing 1.20%.
(Updated on Sep 13, 2024)

ARKR Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, September 09, 2024, and so far it has risen 0.174%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ark Restaurants Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.79 and $12.53. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Ark Restaurants Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Monday, September 09, 2024 and based on theory for this formation the price should go up by 36.42% to $15.72 within 16 trading days (Tuesday, October 01, 2024) since signal was issued.

Support, Risk & Stop-loss for Ark Restaurants Corp. stock

Ark Restaurants Corp. finds support from accumulated volume at $11.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.605 between high and low, or 5.25%. For the last week, the stock has had daily average volatility of 5.53%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ARKR) For The Upcoming Trading Day Of Monday 16th

For the upcoming trading day on Monday, 16th we expect Ark Restaurants Corp. to open at $11.72, and during the day (based on 14 day Average True Range), to move between $10.87 and $12.17, which gives a possible trading interval of +/-$0.650 (+/-5.64%) up or down from last closing price. If Ark Restaurants Corp. takes out the full calculated possible swing range there will be an estimated 11.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.50 (0.17%) than the resistance at $11.80 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ark Restaurants Corp. stock A Buy?

Ark Restaurants Corp. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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Current score: -4.179 Sell Candidate Unchanged

Predicted Opening Price for Ark Restaurants Corp. of Monday, September 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.